16 - 22 Gipps Street, Carrington NSW 2294

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Building Area 2,156 m²

Site Area 3,055 m²

Income $537,023

Parking 28

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Prime multi-tenanted industrial asset in Newcastle city fringe

This fully refurbished multi-tenanted industrial investment delivers a secure and diversified income stream within one of Newcastle's most tightly held inner-city industrial precincts. The property comprises five quality occupiers across essential service industries including IT, disability services, food production, hospitality and trade retail. Following a comprehensive refurbishment completed in 2023, the asset now offers modern finishes, strong functionality and long-term investment positioning.

Improvements total approximately 2,156sqm* across a 3,055sqm* E4 General Industrial site with each tenancy benefitting from individual roller door access, modern amenities and on-site parking. The property is strategically positioned within Carrington, providing immediate access to the Port of Newcastle, Newcastle CBD and major arterial roads. The current net income of $537,023 per annum plus GST is underpinned by established local and national businesses.

Property key features:
• Total building area of 2,156sqm* across five tenancies
• Site area of 3,055sqm* zoned E4 General Industrial
• Fully refurbished industrial facility completed in 2023
• Diversified income from five mixed-use industrial occupiers
• Net income of $537,023* per annum plus GST
• Individual roller door access to each tenancy
• Combination of ground floor warehouse and mezzanine office space
• Metal clad construction with internal concrete block walls
• Roof foil insulation for improved thermal performance
• Extensive on-site and rear lane parking with outdoor break area
• Fully air-conditioned Tenancy 1
• Rear lane access via Mathison Street for operational flexibility

*Approximately

Net income of $537,023 per annum
13 year lease to Brennan IT
Five tenants offering diverse income

Benjamin Morello

Isaac Reville

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